🔥 $NOT Price Prepares for a Fall to $0.01 - BeinCrypto Analytics

Notcoin’s price has been cooling down since the rally last month, during which many investors made money. But as the bullish cues wane, NOT’s real test begins to see if it survives the profit-taking or loses to skepticism.

Rising bearishness in the short-term timeframe shows signs of a potential downtrend. The Relative Strength Index (RSI) is well below the neutral line into the bearish zone.

The Relative Strength Index (RSI) measures the magnitude of recent price changes to evaluate overbought or oversold conditions in a security. It oscillates between 0 and 100, with readings above 70 typically indicating overbought conditions and readings below 30 indicating oversold conditions.

Given the aforementioned cues, Notcoin’s price is likely to witness a drawdown. The Telegram Coin has already dropped from the high of $0.023 to $0.018.

At the moment of report, NOT is trading at:

- $0.15887 on Binance

- $0.15910 on WhiteBIT

- $0.15900 on MEXC

The altcoin holds above the crucial support of $0.017, but a drop below it is likely.

The consequent decline will potentially send NOT to $0.013. This would nearly wipe out the entirety of the 94% rise noted during the early June rally.

However, if Notcoin’s price prevents a breakdown and bounces back from $0.017, it could recover the recent losses. The likely uptick will send NOT to $0.020, and breaching the resistance of $0.023 will invalidate the bearish thesis.